Press release
Largest Biometrics Companies in World | By IMARC Group
Biometrics Companies
Biometrics represent the processes used to recognize, authenticate, and identify people based on their behavioral or physical characteristics. They match the identity of an individual to the information template already stored in the database. Biometrics identifiers can be divided into two categories, such as physiological and behavioral characteristics. Physiological characteristics include palm veins, palm prints, face, DNA, iris, fingerprints, retina, and hand geometry, whereas behavioral characteristics consist of typing patterns and voice and signature recognition. As a result, biometrics finds widespread applications across various industries, including banking and finance, healthcare, consumer electronics, commercial safety and security, transport, logistics, etc.
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Biometrics Industry Growth:
The escalating security concerns, on account of the rising instances of cybercrimes, are among the primary factors driving the biometrics market. Besides this, the elevating requirement for this technology across borders and airports for more accurate citizen identification is further augmenting the market growth. Moreover, the leading manufacturers, such as Fujitsu Ltd., NEC, Suprema, 3M Cogent, Morpho, IrisGuard, Inc., Daon, Inc., Cognitec System, GmbH, IDTECK, etc., are transitioning from single-sample verification matches, including face, fingerprint, iris, and voice, to several multi-modal, fully automated recognition systems, which is also catalyzing the global market.
Apart from this, the inflating need for this technology in hotels, restaurants, and cafes for allowing individuals to register without an ID is acting as another significant growth-inducing factor. Additionally, the growing popularity of this system, as it provides a cost-effective solution for ensuring high-end security and assurance, is also stimulating the market growth. Furthermore, the increasing demand for remote, secure, and accurate access to medical records and treatment plans in the healthcare industry is anticipated to propel the biometrics market over the forecasted period.
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Top Biometric Companies Worldwide:
1. Fujitsu Limited
Establishment: 1935
Headquarter: Japan
2. NEC Corporation
Establishment: 1899
Headquarter: Tokyo, Japan
3. Suprema Inc.
Establishment: 2000
Headquarter: South Korea
4. 3M Cogent, Inc.
Establishment: 1990
Headquarter: United States
5. Morpho SA (Safran)
Establishment: 1982
Headquarter: France
6. IrisGuard, Inc.
Establishment: 2001
Headquarter: United Kingdom
7. Daon, Inc.
Establishment: 1999
Headquarter: United States
8. Cognitec System, GmbH
Establishment: 2002
Headquarter: Germany
9. IDTECK
Establishment: 1989
Headquarter: South Korea
10. Accu-Time Systems, Inc.
Establishment: 1991
Headquarter: United States
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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
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